Despite repeated assurances that bankrupt state entities will not be helped out again, Cyril Ramaphosa and the Cabinet announced that R59 million of taxpayers money will be spent to prevent entities such as SAA, SABC, Post Office and SANRAL, that are unable to pay their bills, from collapsing.
SANRAL can no longer borrow money, the SABC’s finances are in a mess, SAL and Post Office still need guarantees to borrow more money.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
